Wealthy Italians are leading the list of high-net-worth individuals buying prime residential properties in Kenya, a new report shows.
The wealth report compiled by property firm Knight Frank revealed Kenya as one of the elite’s most sought-after second-home destinations.
The Kenyan tropical climate has attracted the Dutch super-rich in second place, followed by Belgians, New Zealanders, Americans and French natives who are investing in residential properties.
The survey did not state the value or number of luxury real estate bought by foreigners in Kenya.
Among the areas that have attracted Italians are the coastal town Malindi which has one of their highest concentrations in terms of residence and investments.
Hii ni report taka taka. Where are the numbers. Hkw many Italians? 2, 20, 200? What’s the breakdown of properties they are purchasing? Land or completed homes?
Are these money launders and drug lords who come to invest there money here.
They so organized in crime and in Kenya they may pass by as genuine investors.
Aiseh,tembea malindi kiasi tu ujionee,alafu,uliza mtu pale kwa lands office akuambie how many italians own swathes of land… including hapa bakyard KWS. Theres alot to bicker about besides praying mantis,thurakus and wagagangas
Nimengoja useme area ingine but… Did you know malindi was a safe haven for indicted mafioso and for obvious reasons they dominate the area. In case you didn’t know, they control and compromise the administration of justice. Famous residents huko read like Ludlum’s novel characters, De Sio Ciro Joachim Mosser, Reginald Terrence Johnstone, Pluck-Geb Foranzan-Siegleinde… disregard the fact that they were jailed collectively from 18 months to life… the AG himuselefu will not share the warrants publicly so clearly kuna wengine wanazurura. Also they’ve not been paying taxes. Hapa kenya ni kelele za politics and tribal fisticuffs , alot is happening kule nyuma
Second homes for Europeans and Americans are likely to be ocean front villas. Ugwestaka kuja holiday kwenye kuna kelele mingi na traffic jams kama hii ya hapa Kanairo.